From January to October of WBMS:2020, there is a supply shortage of 1.143 million tons in the global copper market._SMM
The content below was translated by Tencent automatically for reference. According to the latest report released by the World Bureau of Metals Statistics ((WBMS)) on Wednesday, there was a supply shortage of 1.143 million tons in the global copper market from January to October 2020, up from 383000 tons for the whole of 2019. Inventory reported at the end of October 2020 was 64000 tons higher than the level at the end of December 2019. This increase included net delivery of 25000 tons in ME warehouses and an increase of 3.62 million tons in COMEX inventories. Inventory in Shanghai increased b...
Source: metal.com